Shengwu Wu - BIT Mining Chairman of the Board

BTCM Stock  USD 2.80  0.05  1.75%   

Insider

Shengwu Wu is Chairman of the Board of BIT Mining since 2019.
Age 47
Tenure 6 years
Phone346 204 8537
Webhttps://www.btcm.group

BIT Mining Management Efficiency

The company has return on total asset (ROA) of (0.1919) % which means that it has lost $0.1919 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.434) %, meaning that it created substantial loss on money invested by shareholders. BIT Mining's management efficiency ratios could be used to measure how well BIT Mining manages its routine affairs as well as how well it operates its assets and liabilities.
BIT Mining currently holds 4.22 M in liabilities with Debt to Equity (D/E) ratio of 0.03, which may suggest the company is not taking enough advantage from borrowing. BIT Mining has a current ratio of 1.57, which is within standard range for the sector. Note, when we think about BIT Mining's use of debt, we should always consider it together with its cash and equity.

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BIT Mining Limited operates as a cryptocurrency mining company. BIT Mining Limited was founded in 2001 and is headquartered in Hong Kong. Bit Mining operates under Information Technology Services classification in the United States and is traded on New York Stock Exchange. It employs 153 people. BIT Mining (BTCM) is traded on New York Stock Exchange in USA. It is located in 428 South Seiberling Street, Akron, OH, United States, 44306 and employs 75 people. BIT Mining is listed under Application Software category by Fama And French industry classification.

Management Performance

BIT Mining Leadership Team

Elected by the shareholders, the BIT Mining's board of directors comprises two types of representatives: BIT Mining inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BIT. The board's role is to monitor BIT Mining's management team and ensure that shareholders' interests are well served. BIT Mining's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, BIT Mining's outside directors are responsible for providing unbiased perspectives on the board's policies.
Qian Sun, Independent Director
Angel Wong, Independent Director
Honghui Deng, Independent Director
Yu Wei, Independent Director
Shengwu Wu, Chairman of the Board
Ellen Chiu, Senior Director
Danni Zheng, Vice Director
Xiaoni Meng, VP BTCcom
Qiang Yuan, Chief Financial Officer
Bo Yu, Chief Operating Officer, General Counsel, Director
Yuan Qiang, Chief Officer
Xianfeng Yang, Chief Executive Officer
Man Law, Executive Director

BIT Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is BIT Mining a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When determining whether BIT Mining is a strong investment it is important to analyze BIT Mining's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact BIT Mining's future performance. For an informed investment choice regarding BIT Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BIT Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
To learn how to invest in BIT Stock, please use our How to Invest in BIT Mining guide.
You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BIT Mining. If investors know BIT will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BIT Mining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of BIT Mining is measured differently than its book value, which is the value of BIT that is recorded on the company's balance sheet. Investors also form their own opinion of BIT Mining's value that differs from its market value or its book value, called intrinsic value, which is BIT Mining's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BIT Mining's market value can be influenced by many factors that don't directly affect BIT Mining's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BIT Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if BIT Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BIT Mining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.